Posted By: Bacon Boy
Reg D: 3 or 6 for ACH check - 06/03/08 05:50 PM
In reviewing the latest batch of our suspected Reg D violations, I came across a client who has ACH items that include a check number. Our system recognizes these as checks (part of the 3 allowable in a statement cycle) but they're also tagged as ACH, which would lead me to shuffle them in to the 6 allowable transactions. For documentary purposes, and for notifying the client, how would you classify these debits?
Thanks in advance for your help!
Thanks in advance for your help!